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Sources told Reuters that an OPEC and non-OPEC panel meeting in Algiers is unlikely to recommend a further output increase beyond the June agreement. The panel is also unlikely to settle how to split the 1 million barrel per day increase agreed in June.
No further supply increase keeps crude firm, supporting energy and input costs across the feed chain.
en.azvision.azXəbərlər, Son xəbərlər, Xeberler, Son xeberler, AzvisionSep 23, 2018After 626 past bullish geopolitics events, Crude Oil (WTI) moved a median +2.1% over 5 sessions (62% higher; middle half -2.3% to +8.5%), and +1.6% over 20.
After 656 past bullish geopolitics events, Crude Oil (Brent) moved a median +1.9% over 5 sessions (63% higher; middle half -2.7% to +6.6%), and +0.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
